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  By Bill Powers Which natural gas producers will make it through this winter of low prices?  I’ll tell you one that I think will survive….but first I’ll tell you one today that probably will not. Natural gas prices on the NYMEX dipped below $2/mmBTU in December 2015 for just the second...
We are now into Round 2 of the Global Oil War—where the Saudis maximize their revenue, and keep US shale producers—and their lenders—under the Saudi thumb. But there are a few very smart men—and I’ll tell you about a few of them in a minute—who think the price war will...
What did Chevron accomplish in 2015 by outspending cash flow by $19 billion? Increase production a paltry 2%. Barely replace reserves--107% of production. That is what Chevron managed to achieve in 2015 by spending $31 billion while generating just $19 billion of cash flow.  And that is actually incredibly bullish, despite...
Even with WTI prices above $70 per barrel, and international Brent crude closer to $80… there really isn’t much geopolitical premium in the oil price yet. And that’s scary (as in… scary bullish) because war in the Middle East has rarely looked more certain—in two places. First off, oil prices are...
I want to tell you about a new development in fracking that’s getting some press down in the US. This is actually pretty simple, but if I’m correct in interpreting this, it would be quite important in the global oil patch. From what I can tell, EOG Resources is increasing...
These Statistics Show A Surprising Oil Hotspot Brewing in America Guess which American oil play will show the largest increase in production the next two years?  That’s right, I said increase. The Bakken? Permian? Niobrara? Well, defying all expectations of analysts and investors alike, it’s likely to be the Gulf of Mexico (GOM), with production...
My experience is that in the stock market, wealth is built in steps. My portfolio is flat for 12-18 months, and then a Big Win comes.  Flat again, then Big Win.  Repeat. (The hard part of investing is keeping that money, during the flat times.) Big Wins actually come along regularly; every...
The oil market is greatly underestimating what has just happened. The Green Light for oil profits was turned on yesterday by US President Trump. I’m going to take advantage of it…. will you? Back during his Presidential campaign, Donald Trump repeatedly referred to the 2015 Iran Nuclear Deal (The Joint Comprehensive...